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Estate Planning

Estate planning is the process of anticipating and arranging, during a person’s life, for the disposal of their estate.

An estate is the net worth of a person at any point in time alive or dead. It is the sum of a person’s assets – legal rights, interests and entitlements to property of any kind – less all liabilities at that time. The issue is of special legal significance on a question of bankruptcy and death of the person.

Estate planning can be used to eliminate uncertainties over the administration of a probate (Probate is the legal process whereby a will is “proved” in a court and accepted as a valid public document that is the true last testament of the deceased.)  and to maximize the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can be determined by the specific goals of the client, and may be as simple or complex as the client’s needs dictate. Guardians are often designated for minor children and beneficiaries in incapacity.

An attorney experienced in estate planning can help you ensure that your wishes are followed, that your surviving beneficiaries are not unduly burdened by taxes or bureaucracy, and that your minor children (if you have any) are provided for both financially and by naming their guardians.

Sometimes estate planning can be as simple as writing a will. Your attorney can help you decide what is needed to protect your assets and your heirs.

Contact Us and Let Our Attorneys Review Your Case for Free

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“If it hadn’t been for George Collins, P.A., I don’t think my family and I would have pulled through those troublesome times as easily as we did.”

David Summers